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COMPULSORY LIQUIDATION

If your company is the subject of compulsory liquidation proceedings (company winding up order by the court) you will need to seriously consider your own conduct as a director generally. Also, any actions you have taken or failed to take which have led to your company's demise will require due consideration. This period of considered reflection will need to cover the most recent three years of your directorship.

Even if you were not an appointed director recorded at Companies House you may still be held as a shadow director if your decisions, and or actions influenced the promotion and or management of the company and more importantly contributed to its demise. Shadow directors are treated the same as appointed directors. This means shadow directors can be held personally liable as if they were an appointed director.

Compulsory liquidation does not mean you can leave all the company's debts behind and simply walk way without recrimination and or personal liability claims being made against you as director or shadow director.

After considering the evidence gathered during their investigation the official receiver may decide prosecution against the company's directors is appropriate should the evidence in hand appear compelling. In such instance directors disqualification proceedings will commence and a court order sought for the directors' to be made personally and financially liable for the insolvent company's loss.

Petition Debt Paid £14,442

Print Run has used the services of Insolvency and Law on two occasions in the last year. Initially the whole process of issuing a winding up petition appears to be daunting, especially for a small fish in a big sea when taking on large companies, but Peter Murray and his team made the job easy and totally seamless.

Petition Debt Paid £26,717

We were owed £26,717 by one of our customers and our credit control efforts, which had included a County Court Summons, were exhausted so we looked for third party assistance and came across Insolvency & Law on the internet. After a first conversation with Peter Murray I was left feeling confident that there was indeed hope through the debt recovery services provided by I&L.

Petition Debt Paid £41,767

I&L recovered the full amount of the invoice and all my costs in issuing the Winding up Petition including the cost of the barrister Peter appointed who did an excellent job when my case went to the Companies Court.